6th Apr 2016 08:17
LONDON (Alliance News) - ServicePower Technologies PLC on Wednesday said it is confident for a successful outcome to 2016, with trading in line with forecasts in the year so far, as it reported a slightly widened pretax loss for 2015.
ServicePower reported a pretax loss of GBP1.2 million in 2015, widened slightly from a pretax loss of GBP1.0 million in 2014, as a marginal improvement in revenue to GBP13.0 million from GBP12.8 million was offset by higher administrative costs.
The mobile workforce management software company attributed the higher costs to increased investment in research and development, investing GBP1.4 million in the recent year compared to GBP1.1 million in 2014.
Revenue growth was driven by new customer wins and upgrades for its ServiceScheduling segment, and growth in its ServiceOperations segment.
"With a proven ability to win new customers, the validation by Gartner of the investment in strategic innovation and development of our global field management platform, ServicePower is positioned for a strong performance in 2016 and beyond," said Chief Executive Officer Marne Martin in a statement.
"Trading in 2016 has continued in line with management forecasts, and we are confident of a successful outcome to the year," Martin added.
Shares in ServicePower were untraded Wednesday morning at 2.90 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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